JPMorgan Chase & Co. boosted its holdings in Montauk Renewables, Inc. (NASDAQ:MNTK - Free Report) by 237.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 173,483 shares of the company's stock after acquiring an additional 122,072 shares during the period. JPMorgan Chase & Co. owned 0.12% of Montauk Renewables worth $904,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Montauk Renewables by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,636,368 shares of the company's stock valued at $8,527,000 after purchasing an additional 9,203 shares during the period. Zacks Investment Management grew its stake in Montauk Renewables by 336.5% in the 3rd quarter. Zacks Investment Management now owns 72,258 shares of the company's stock valued at $376,000 after buying an additional 55,705 shares during the last quarter. State Street Corp raised its holdings in Montauk Renewables by 1.6% in the 3rd quarter. State Street Corp now owns 1,613,351 shares of the company's stock valued at $8,406,000 after acquiring an additional 25,732 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in Montauk Renewables by 105.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company's stock valued at $26,000 after acquiring an additional 2,509 shares during the period. Finally, Verition Fund Management LLC boosted its holdings in shares of Montauk Renewables by 12.4% during the third quarter. Verition Fund Management LLC now owns 44,739 shares of the company's stock worth $233,000 after acquiring an additional 4,947 shares during the period. Institutional investors and hedge funds own 16.35% of the company's stock.
Montauk Renewables Stock Performance
Shares of NASDAQ MNTK traded up $0.03 during trading hours on Friday, reaching $4.51. 151,696 shares of the stock were exchanged, compared to its average volume of 151,756. The stock's fifty day simple moving average is $4.15 and its 200 day simple moving average is $4.78. The firm has a market capitalization of $646.60 million, a price-to-earnings ratio of 28.19 and a beta of -0.26. Montauk Renewables, Inc. has a 52 week low of $3.38 and a 52 week high of $7.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04.
Montauk Renewables Profile
(
Free Report)
Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.
Featured Articles

Before you consider Montauk Renewables, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Montauk Renewables wasn't on the list.
While Montauk Renewables currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.